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Recent 52-Week High Exceeded in Shares of Ford Motor (F)

Published on Wed, 01/02/2013 - 15:21
By Adrienne Chilton

Ford Motor (NYSE:F) traded at a new 52-week high today of $13.28. So far today approximately 55.9 million shares have been exchanged, as compared to an average 30-day volume of 49.9 million shares.

Ford Motor (NYSE:F) has potential upside of 13.7% based on a current price of $13.06 and analysts' consensus price target of $14.84. The stock should discover initial support at its 50-day moving average (MA) of $11.22 and subsequent support at its 200-day MA of $10.60.

Ford Motor Company designs, manufactures, and services cars and trucks. The Company also provides vehicle-related financing, leasing, and insurance through its subsidiary.

Over the past year, Ford Motor has traded in a range of $8.82 to $13.28 and is now at $13.06, 48% above that low. The 200-day and 50-day moving averages have moved 0.04% higher and 1.92% higher over the past week, respectively.

By Adrienne Chilton
achilton@fnno.com

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